May 26, 2010 2:40 PM | 1 min read |
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Aluminum giant Alcoa (NYSE: AA) was upgraded this morning by Macquarie Research who said it expects the price of the metal to rise over the next several years. Aluminum prices have slumped 20 percent since their highs in April.Analyst Curt Woodworth noted that physical premiums for aluminum in Europe recently reached decade highs, suggesting the physical market remains tight. He believes the aluminum market is "more healthy than most investors realize".Woodworth raised his price target on Alcoa to $18 from $17, adding the stock is extremely undervalued.Shares of Alcoa are up 7 cents, or 0.62%, to $11.37 on the day. Over the last 52-weeks shares have traded between $8.70 and $17.60.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.